According to BNY Mellon, the fund “will aim to generate a total return comprised of income and capital growth” through investment in corporate debt and deriviatives from emerging markets issuers.

The fund is to consist of a “globally diversified ‘best ideas’ portfolio seeking to invest in the most compelling risk-adjusted opportunities, irrespective of benchmark weighting, from both US dollar and local currency issuers”.

Minimum investment in the Dublin-domiciled Ucits fund is £5,000, it carries a 1.25 per cent annual management charge and an initial charge of up to 5 per cent.